As of the 11th January, 2007, Sanistål has acquired Carl F A/S which is a market leader in Denmark within door and window fittings, fixation and tools for the carpenter and cabinet maker business.
CEO of Sanistål, Christian B. Lund, explains: “Through the acquisition of Carl F Sanistål has taken over not only a well-managed and well-run company with an annual turnover of 135 million Euro – we have also increased the Sanistål family by 564 new skilled employees having a big professional know-how. The acquisition of Carl F will bring us a large number of future advantages. Above all we gain a big business area with new products, new customer groups – and a strong international position. In addition Carl F has 12 stores which will strengthen our geographical coverage especially in Zealand. The procurement synergies will be substantial and in the e-commerce field our strong position can be used to strengthen Carl F”.

Strongest construction industry supplier
Christian B. Lund continues: “Being a market leader in Denmark within door and window fittings, fixation and tools for carpenters and cabinet makers Carl F is a really powerful brand with a large number of strong competences. To mention a few examples the company has its own construction project department and the Carl F product catalogue serves as the carpenters’ and cabinet makers’ “Blue Bible”. By merging Sanistål’s and Carl F’s construction divisions we form Denmark’s strongest construction industry supplier”.
Other products in the Carl F product portfolio are access and locking systems for the industry as well as the public and private business sectors. In addition the company is the owner of the world renowned design line – d line – designed by respected architects.
d line is covering door handles, fittings, sanitary accessories etc. Finally Carl F possesses a highly internationally reputed competence within fittings for the wood processing industry.

A perfect match
The management of Carl F looks forward to being part of the Sanistål team.
CEO of Carl F, Hans Christian Pedersen, states: “An unanimous management sees the acquisition as a positive development of Carl F with a big potential – both in relation to the implementation of our new strategies and the synergies which this new partnership will bring in the long term. There is no doubt that Sanistål’s and Carl F’s activities match. I think this is the best match ever which will strengthen both Carl F and Sanistål”.
Christian B. Lund adds:
“The values and spirit of the Carl F and the Sanistål organisations are much alike and we expect that in the near future we shall see a large number of exiting co-operative relations. In many fields there will be synergies and in the next months we will in common work out a detailed plan for who to utilize these interesting possibilities best possible”.

The price paid for the share capital amounts to 70 million Euro and the preliminary estimated goodwill in connection with the transaction lies around 50 million Euro. Due to the initial costs Sanistål expects the acquisition of Carl F to have only a marginal effect on the 2007 EBIT, whereas the effect on the 2008 result is expected to be around 3,3 to 4,6 million Euro and around 6,0 to 6,7 million Euro p.a. for the following years. The acquisitions took effect as from the 1st January 2007 and due to the size of the companies the transaction must be approved by the competition authorities.

After the acquisition Sanistål will have about 2,300 employees and the company expects an annual turnover of approx. 800 million Euro.